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New President and CEO appointed to Canada Lands Company

Grant B. Walsh, Chairman of the Board of Directors of Canada Lands Company, a national real estate company, is pleased to confirm the Government of Canada’s appointment of Mr. John McBain as the company’s new President and CEO, effective March 3, 2014.

Mr. McBain comes to Canada Lands Company from the Government of Canada where he served most recently as Special Advisor to the Deputy Minister, Public Works and Government Services Canada (PWGSC) in Ottawa, and prior to that he served for a number of years as Assistant Deputy Minister, Real Property Branch, also at PWGSC. In that capacity, Mr McBain was responsible for overseeing the management, acquisition and divestiture of the Government of Canada’s real estate portfolio across the country. Mr. McBain’s career in real estate spans over 30 years and includes positions as Director Asset Management, National Client Service Director for Canadian Heritage, Parks Canada and Human Resources Development Canada. In 2005 he was named Regional Director General for PWGSC Atlantic where he was accountable for the broad range of services in Atlantic Canada and as the Minister's representative and federal lead on the Sydney Tar Ponds Remediation Project.

“Mr. McBain’s depth of real estate and public sector expertise will serve Canada Lands extremely well as President and CEO, as we continue to work in the best interest of the company, the Government of Canada and Canadians”, said Chairman, Grant B. Walsh.

Since its inception in 1995, Canada Lands Company has contributed over $1-billion to the Government of Canada as payment for properties, elimination of carrying costs, payment of applicable taxes and declaration of dividends.

Canada Lands Company Limited is a self-financing federal Crown corporation that optimizes the economic and community value obtained from surplus properties which are no longer required by its sole shareholder, the Government of Canada. It is also a demonstrated leader in tourism management with its operations of the CN Tower, the Montréal Science Centre, and the Old Port of Montréal.